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Tesco to Use Consumer Data to Judge Home Loans: Sunday Times

Aug. 5 (Bloomberg) -- Tesco Plc, the U.K.’s largest retailer, plans to use shopping data to assess customers’ suitability for home loans, the Sunday Times reported, citing comments from a company executive.

Using the data “we can make a better assessment of risk,” Benny Higgins, the chief executive officer of Tesco Bank, said, according to the newspaper. “It’s about simplicity, about transparency, about rewarding loyalty,” the report said.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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